Re: economics of "millicent"

At 11:10 AM -0400 on 6/26/00, Eric S. Johansson wrote: > the name is spelled "Ari Juels" You oughta see what I do to Markus. And where he works... Shoot me. Shoot me now... Cheers, RAH -- - R. A. Hettinga The Internet Bearer Underwriting Corporation 44

Re: economics of "millicent"

"R. A. Hettinga" wrote: > By the way, Adam, you *can* mint MicroMint coins in a distributed > fashion. It's called called Bread Pudding, and it was invented by Ari > Jeuls of RSA Labs and Markus Jakobsson of AT&T Labs last year. I'm sure > they'll send you a copy of the (Eurocrypt?) paper if yo

Re: economics of "millicent"

-BEGIN PGP SIGNED MESSAGE- At 12:43 AM -0500 on 6/22/00, Adam Back, now at Zero Knowlege Systems, wrote: > I'm not sure millicent is the most economical way to build a > micropayment system. It's "MicroMint", by the way, Adam. "Millicent", invented and patented by Mark Manasse, et.al

Re: economics of millicent

[Not to be forwarded by Robert Hettinga] Adam writes: > Effectively the threshold is bought by being willing to burn more > money than the estimated forger is willing to spend. Whilst this > approach may be succesful in practice with a largish investment, a > micropayment system functionally ide